Coronal Energy launching new solar project in Florence County

COLUMBIA, S.C. – Coronal Energy, a leading independent solar power and energy storage provider, today announced plans for the construction of a new solar project -- the Rankin Solar Center -- in Florence County. The new development is projected to bring approximately $15 million of capital investment.

The Rankin Solar Center will generate 10 megawatts of clean, renewable solar power, which is enough to power approximately 2,000 homes annually. With world-class capabilities in development, financing, engineering and construction, Coronal Energy owns, operates and manages a 333-megawatt portfolio with a multi-gigawatt development pipeline.

Located off Corrie Farm Road in Florence, S.C., Coronal Energy’s new development is expected to come online in the fourth quarter of 2019. For more information on the company, visit www.coronalenergy.com.

QUOTES

“The Rankin Solar Center is a special one for Coronal Energy. It marks Coronal’s first solar project in South Carolina and represents the culmination of a partnership with Florence County that began in 2014. We are incredibly proud of our association with Florence County and our shared participation in leading South Carolina’s energy toward a bright, new future together.” –Coronal Energy Vice President of Development Russ Edwards

“Our approach to creating a business-friendly environment for all types of companies continues to pay off, and Coronal Energy’s new investment in Florence County is a testament to that. I look forward to seeing the impact that the renewable energy industry will have in the region and across the state.” –Gov. Henry McMaster

“South Carolina is continuing to blaze a trail in the renewable energy sector, and today’s announcement by Coronal Energy is further proof of that. I congratulate Florence County on this tremendous investment and look forward to the bright future Coronal Energy has in this community.” –Secretary of Commerce Bobby Hitt

“Clean energy is an important initiative for a healthy environment. Coronal Energy will not only bring investment to Florence County, but also help create sustainable energy for the future.” –Florence County Council Chairman Kent Caudle

“An important part of economic development is planning for the future. Being environmentally-conscious plays a crucial role in securing an economically-sound future for Florence County. Solar farm developments like Coronal Energy will help us build a better community.” –Florence County Economic Development Partnership Chairman Frank J. “Buddy” Brand

“I have long thought that with South Carolina’s sunshine and weather, solar energy was part of a sustainable and independent energy future. Well, that future is now. I am proud that Coronal Energy, a solar farm development, has chosen to invest in the Pee Dee.” –S.C. Senate President Pro Tempore Hugh K. Leatherman

FIVE FAST FACTS

Coronal Energy is launching a new solar project, the Rankin Solar Center, in Florence County.

$15 million of capital investment.

Coronal Energy is a leading independent solar power and energy storage provider that currently manages a 333-megawatt operating portfolio.

Located off Corrie Farm Road in Florence, S.C., Coronal Energy’s new development is expected to come online in the fourth quarter of 2019.